Steel Dynamics

Steel Dynamics was founded in 1993 by three former executives of Nucor with $370 million in funding. It began production at its $275 million Butler, Indiana, flat roll mill in 1996 and reported its first annual profit in 1997.

During the early 2000s recession, the company offered many incentive programs for employees to cut costs and improve standards and outperformed most other steel manufacturers.{{cite news | url=https://www.industryweek.com/the-economy/article/21943333/steel-dynamicss-dynamic-duo | title=Steel Dynamics's Dynamic Duo | first=Josh | last=Cable | work=IndustryWeek | date=December 20, 2011}}

In 2007, the company acquired The Techs, three hot-dip galvanization plants in Pittsburgh that coat flat-rolled steel,{{cite press release | url=https://ir.steeldynamics.com/profiles/investor/ResLibraryView.asp?ResLibraryID=62495 | title=Steel Dynamics Agrees to Acquire The Techs | publisher=Steel Dynamics | date=July 2, 2007}} and OmniSource Corporation, a scrap metal processor and trader.{{cite press release | url=https://ir.steeldynamics.com/profiles/investor/ResLibraryView.asp?ResLibraryID=62503 | title=Steel Dynamics to Acquire OmniSource Corporation | publisher=Steel Dynamics | date=October 1, 2007}}

In 2014, the company acquired Severstal Columbus for $1.625 billion. The acquisition increased the company's production capacity to 11 million tons.{{cite press release | url=https://www.prnewswire.com/news-releases/steel-dynamics-completes-acquisition-of-severstal-columbus-275323531.html | title=Steel Dynamics Completes Acquisition of Severstal Columbus | publisher=PR Newswire | date=September 16, 2014}}

In 2016, the company acquired Vulcan Threaded Products for $126 million.{{cite press release | url=https://www.prnewswire.com/news-releases/steel-dynamics-to-acquire-vulcan-threaded-products-to-expand-sbq-finishing-capabilities-300292917.html | title=Steel Dynamics to Acquire Vulcan Threaded Products to Expand SBQ Finishing Capabilities | publisher=PRNewswire | date=June 30, 2016}}

In 2016, the company began construction of a $100 million facility in Columbus, Mississippi.{{cite news | url=https://www.bizjournals.com/memphis/news/2016/01/25/steel-dynamics-breaks-ground-on-100-million.html | title=Steel Dynamics breaks ground on new $100 million Mississippi facility | first=Michael | last=Sheffield | work=American City Business Journals | date=January 25, 2016}}

In 2017, the company began a $28 million expansion of its Roanoke Bar Division.{{cite press release | url=https://www.prnewswire.com/news-releases/steel-dynamics-roanoke-bar-division-diversifies-and-expands-product-offerings-with-new-reheating-furnace-and-finishing-equipment-purchase-from-sms-group-300401288.html | title=Steel Dynamics Roanoke Bar Division Diversifies and Expands Product Offerings with New Reheating Furnace and Finishing Equipment Purchase from SMS Group | publisher=PR Newswire | date=February 2, 2017}}

In 2017, the company began a $75 million expansion of its Structural and Rail Division.{{cite press release | url=https://www.prnewswire.com/news-releases/steel-dynamics-structural-and-rail-division-increases-production-capability-and-diversifies-product-offerings-300483467.html | title=Steel Dynamics Structural and Rail Division Increases Production Capability and Diversifies Product Offerings | publisher=PR Newswire | date=July 5, 2017}}

In 2018, the company acquired the former Kentucky Electric Steel plant in Coalton, Kentucky.

in 2020, production for the Sinton,TX facility commenced. It is a 2,400-acre complex which is supposed to also house several other businesses who work with SDI in other cities. 3,000 jobs should be created when complete.{{Cite web|url=https://www.kiiitv.com/article/news/local/17-billion-dollar-steel-dynamics-plant-in-sinton-set-to-be-up-and-running-by-fall-2021/503-4f7e7421-5940-4dbd-9502-2dc0081d75f3|title = 1.7-billion-dollar steel dynamics plant in Sinton set to be up and running by Fall 2021|date = 10 December 2020}}

In 2021, the company agreed to pay $475,000 in civil penalties and spend $3 million to upgrade air pollution control equipment to reduce air emissions at its facilities in Butler, Indiana. Following on-site inspections, the United States Environmental Protection Agency accused Steel Dynamics of violating the Clean Air Act of 1963.{{cite press release | url=https://www.epa.gov/newsreleases/epa-settlement-steel-dynamics-inc-will-reduce-air-pollution-butler-indiana | title=EPA Settlement with Steel Dynamics, Inc. Will Reduce Air Pollution in Butler, Indiana | publisher=United States Environmental Protection Agency | date=March 2, 2021}}

The company was accused in a lawsuit of participating in a conspiracy with other steel manufacturers to restrict steel production in 2008. In October 2016, the company settled the case, agreeing to pay $4.6 million.{{cite press release | url=https://www.prnewswire.com/news-releases/steel-dynamics-agrees-to-settle-antitrust-lawsuit-300346583.html | title=Final Piece Of $194M Steel Price-Fix Settlement Clears Hurdle | publisher=PR Newswire | date=October 18, 2016}}

• List of steel producers

• Richard Sarver - Taking the Heat - A Steelworker's Story (2012)

{{reflist}}

• {{Official website|https://stld.steeldynamics.com}}

{{Finance links

| name = Steel Dynamics, Inc.

| symbol = STLD

| google = STLD:NASDAQ

| yahoo = STLD

| bloomberg = STLD:US

| sec_cik = 1022671

}}

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Category:Steel companies of the United States

Category:Companies listed on the Nasdaq

Category:Companies established in 1993

Category:Companies based in Fort Wayne, Indiana

Category:1996 initial public offerings